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By: Reuters16th October 2018
The World Steel Association on Tuesday doubled its 2018 and 2019 forecasts for growth in global demand for the material used in everything from cars to construction, but said that trade tensions were clouding the outlook for the sector.
The caution over trade from a body that represents 85% of... →

By: Bloomberg11th September 2018
China’s push for blue skies has caused an obscure steelmaking ingredient to fuel gains of as much as 2,600 percent since the start of 2017 for the few companies that supply it, minting at least one new billionaire.
The material is graphite, a form of carbon that has seen demand soar because of... →

By: Reuters21st August 2018
South Africa's first privately built coal-fired power plants must have the latest technology to reduce harmful emissions, the energy minister said on Tuesday, as a wave of court challenges threaten to derail the projects. Environmental activists have taken legal action against the new Thabametsi... →

By: Reuters3rd August 2018
Japanese trading house Sumitomo Corp expects that nickel output at its Ambatovy project in Madagascar will likely fall short of its earlier target of 48 000 t in the year to March 2019, its chief financial officer said on Friday.
"The Ambatovy has run at about 64% to 65% of full capacity in the... →

By: Reuters6th July 2018
Japanese trading house Mitsui & Co may boost its stake in Brazil's Vale SA if other shareholders sell part of their holdings, a senior executive said, giving it greater influence over the iron ore giant's management.
Several Brazilian pension funds and BNDESPar, the investment arm of state... →

By: Reuters5th July 2018
French miner Eramet SA is looking to acquire lithium deposits in Chile, Argentina and Brazil to expand its portfolio into the minerals used in batteries for electric vehicles, its chief executive said on Thursday.
"Our priority is to develop our existing lithium deposit in Argentina. But we are... →

By: Reuters21st June 2018
Japanese trading house Sumitomo Corp on Thursday said it had agreed to buy a 5% stake in the Yanacocha gold mine in Peru for $48-million, as it looks to boost its assets in the metals sector.
Yanacocha, which has been in production since 1993, was Peru's largest gold mine until output began... →

By: Reuters1st June 2018
Mitsui & Co will hold on to its 20% stake in the Kestrel coking coal mine in Australia even after the planned sale of Rio Tinto's 80% stake in the mine, a spokesman for the Japanese trading house said on Friday.
"We will continue to be involved in the Kestrel mine with new partners," the... →

By: Reuters2nd April 2018
Mitsubishi Materials, Japan's third-biggest copper smelter, said on Monday it plans to produce 187 374 t of refined copper during April-September, up 7% from the same period last year.
The company expects output at its Naoshima smelter and refinery in western Japan to rise 11%, while production... →

By: Reuters22nd March 2018
Global miner BHP anticipates planned new US steel import tariffs will have a limited impact on both the steel market and the firm, and doesn't foresee a chain reaction from other countries, a senior official said on Thursday.
"I think direct impact on steel is quite marginal because the United... →

By: Reuters12th March 2018
The European Commission said it expected to be in contact with the US over steel and aluminium tariffs this week, but added that no formal talks were scheduled.
"No meetings as such are planned at the moment between US and EU authorities," a spokesman for the European Commission told a regular... →

By: Reuters27th February 2018
Mining giant Glencore's deal to buy aluminium from Rusal will be renewed from 2019, but the tonnage is likely to be much lower as the Russian producer taps into growing demand for value-added products, two sources close to the matter said.
Unless it sources from additional suppliers, the... →

By: Reuters20th February 2018
Toyota Motor Corp has found a way to reduce the amount of a key rare earth metal used in magnets for electric car motors by around 20%, which could tame the cost of producing electric cars and reduce the risk of a supply shortage of materials needed for their production.
The Japanese automaker... →

By: Reuters19th February 2018
Japan's steel industry said on Monday the US Commerce Department proposal to President Donald Trump to impose curbs on steel imports violate the principles of free trade, calling for Washington to make a careful and appropriate decision. The US Commerce Department recommended on Friday that Trump... →

By: Reuters16th February 2018
Japanese trading house Mitsui & Co said on Friday it will reshuffle its copper assets in Chile, increasing its stake in the Collahuasi mine and selling a small stake in the Los Pelambres mine, boosting its overall copper volumes.
Mitsui said it would buy a 3.6% stake in Collahuasi from JX Nippon... →

By: Reuters8th February 2018
Sumitomo said on Thursday it expects its Ambatovy nickel/cobalt project in Madagascar to run at about a 50% utilisation rate in the January-March quarter, rising to 80% from April.
The trading house said last week that the project had resumed operations from end-January after halting operations... →

By: Reuters5th February 2018
Mitsui & Co won a three-way bidding war to take over Australia's AWE, after rival Mineral Resources failed to match the Japanese trading giant's A$594-million offer.
Assuming the deal goes ahead, it would mark Mitsui's first takeover of an Australian company and give it a 50% stake in the... →

By: Reuters2nd February 2018
Demand for physical gold improved this week in India as jewellers resumed purchases after the government kept import taxes on the precious metal unchanged, while buying remained subdued in most other centres in Asia.
Jewellers in India had delayed purchases earlier this week and offered gold at... →

By: Reuters2nd February 2018
Japanese trading company Mitsui & Co on Friday said its April-December profits jumped over 60% from the year before and raised its full-year forecast to record levels, boosted by higher prices for iron ore and coking coal.
Mitsui is now forecasting a net profit of 440-billion yen, up from its... →

By: Reuters29th January 2018
Japan's Mitsui & Co has made a $481-million offer to buy Australia's AWE, trumping bids from two other companies that are vying for a stake in a promising onshore gas field.
The Mitsui offer of A$0.95 a share in cash, or about A$594-million, marks the first full takeover bid by the Japanese... →

By: Creamer Media Reporter 19th December 2017
Japan's Tokyo Electric Power (Tepco) has revealed that Canadian uranium major Cameco is seeking $681.9-million in damages following a dispute that has driven the former partners to international arbitration.
News agency Reuters reported from Tokyo, Japan, that Tepco has confirmed receipt of a... →

By: Bloomberg27th November 2017
Toyota Motor, which has made a big bet on hydrogen-powered cars, is looking more isolated as industry rivals double down on plug-in electric vehicles as the dominant technology in the emerging post-fossil fuel era.
Three years ago, Toyota president Akio Toyoda, grandson of company founder... →

By: Bloomberg6th October 2017
Gold has taken a relentless battering. Prices are poised to drop for a fourth week, the worst streak of losses this year, on prospects for higher U.S. interest rates, a rising dollar, a strong American economy and record equity markets. Fears over a potential nuclear conflict with North Korea... →

By: Bloomberg14th September 2017
Ballard Power Systems, a supplier of fuel-cell power systems, surged to a three-year high after announcing a technology breakthrough that replaces most of the high-cost platinum used in earlier design.
Ballard gained 24% to $4.59 at 3:08 pm, in New York, the most intraday in more than a year and... →

By: Reuters8th August 2017
Japan's Sumitomo Metal Mining said on Tuesday it will withdraw from a nickel exploration project in the Solomon Islands owing to slumping nickel prices, harsh business circumstances and the outcome of legal proceedings.
Sumitomo Metal Mining, which began exploring in the Solomons in 2005, has... →

By: Reuters12th June 2017
Japan's top steelmaker, Nippon Steel & Sumitomo Metal Corp will set quarterly coking coal prices using spot price indexes starting from the current quarter, a company spokesman said on Monday.
The decision to move to spot prices ends a decades-old system where bilateral talks between buyers and... →

By: Henry Lazenby6th June 2017
The TSX-listed stock of Canadian gold producer Iamgold gained nearly 12% on Tuesday following news late on Monday that it has agreed to sell a 30% stake in its Côté gold project, in Ontario, and the publication of a positive prefeasibility study (PFS) for the mine. Tokyo-based Sumitomo Metal... →

By: Bloomberg6th June 2017
BHP Billiton’s board is being targeted for a sweeping overhaul by Tribeca Global Natural Resources Fund, opening a potential new front in the burgeoning activist campaign against the world’s biggest mining company.
The Sydney-based hedge fund, which last month joined billionaire Paul Singer’s... →

By: Reuters5th June 2017
BHP Billiton CEO Andrew Mackenzie said on Monday he has not met with activist hedge fund Elliott Management since their talks in Barcelona last month and declined to comment on whether another meeting was scheduled.
Elliott, a New York-based fund that has built up a 4.1% stake in BHP, is pushing... →

By: Reuters26th May 2017
India’s Adani Group will be required to pay full royalties on its $16.5-billion Carmichael coal project in Australia’s Queensland, according to the state’s premier.
The Carmichael mine “will pay every cent of royalties in full” under a new policy unanimously agreed to by the state’s cabinet for... →

26th May 2017
With a focus on safety and supporting its customers, the process of integrating diversified industrial-use products and services provider Komatsu and high-productivity mining solutions provider Joy Global has begun, following the conclusion of a $3.7-billion deal in April. On May 8, executive... →

By: Esmarie Iannucci15th March 2017
More than 600 workers have reportedly been dismissed from the 8.9-million-tonne-a-year Ichthys liquefied natural gas (LNG) project as a dispute between contractors arose. Laing O’Rourke, which has been constructing four cryogenic tanks on the project on behalf of contractor JKC Australia LNG... →

By: Martin Creamer28th February 2017
Embattled platinum needs ongoing marketing, with producers needing to invest in the promotion effort and ensure that the metal does not continue to be demonised by the anti-diesel hype, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri told investors, unionists, analysts and journalists on... →

By: Bloomberg14th December 2016
Gold traded near a ten-month low before an interest rate decision from the Federal Reserve, with investors expecting policy makers led by chairperson Janet Yellen to deliver the central bank’s first hike of the year just as US equities power to records. Bullion for immediate delivery was at $1... →

By: Martin Creamer9th December 2016
Mining companies need to be marketing companies as well. A major lesson of the downturn since 2008 is that mining companies need to be right up there with the top trading brains if they are to optimise their businesses and the economies of the countries in which they operate. →

By: Bloomberg2nd December 2016
The Japanese company poised to become one of the world’s largest LNG buyers says it shouldn’t need to pay producers to lift restrictions on where it can resell cargoes and that the removal would benefit the whole market, including sellers.
Jera Co, a joint venture between Tokyo Electric Power... →